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Post by Franko10 ™ on Dec 3, 2005 7:01:15 GMT -5
Blue Note Metals Offers $2.5 Million Flow-Through Private Placement (cnw)
MONTREAL, Dec. 2 /CNW/ - Blue Note Metals Inc. (TSX-V: BNT) (the "Company") is pleased to announce that it is proceeding with a non-brokered private placement of Flow-through common shares for proceeds of up to $2,500,000, subject to the approval of the regulatory authorities having jurisdiction over the securities of the Company.
Each common share of the Company will be issued at a price of $0.30 per common share on a Flow-through basis.
The Flow-through common shares issued under the private placement will be subject to a four-month hold period and offered only to accredited investors.
The proceeds of the private placement will be used for continued exploration of its New Brunswick properties, in particular the Canoe Landing Lake property.
Blue Note Metals is a mineral exploration company with properties in New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BNT.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
For further information: MICHAEL JUDSON, CHAIRMAN, BLUE NOTE METALS, (800) 937-3095, MJUDSON@FORESTGATE.CA, WWW.BLUENOTEMETALS.CA
MONTREAL, Dec. 2 /CNW/ - Blue Note Metals Inc. (TSX-V: BNT) (the "Company") is pleased to announce that it is proceeding with a non-brokered private placement of Flow-through common shares for proceeds of up to $2,500,000, subject to the approval of the regulatory authorities having jurisdiction over the securities of the Company.
Each common share of the Company will be issued at a price of $0.30 per common share on a Flow-through basis.
The Flow-through common shares issued under the private placement will be subject to a four-month hold period and offered only to accredited investors.
The proceeds of the private placement will be used for continued exploration of its New Brunswick properties, in particular the Canoe Landing Lake property.
Blue Note Metals is a mineral exploration company with properties in New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BNT.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
For further information: MICHAEL JUDSON, CHAIRMAN, BLUE NOTE METALS, (800) 937-3095, MJUDSON@FORESTGATE.CA, WWW.BLUENOTEMETALS.CA
